January 3, 2020 - Coal India Ltd. posted the first decline in annual shipments in at least six years as demand from power producers weakened and its production was hit by heavy rains earlier in 2019. Shipments fell 3.8% in 2019 from a year ago to 580.8 million tons, according to Bloomberg calculations based on data from the state-run company dating back to 2013. Production slipped 2.2% to 582.8 million tons, the data showed.
Coal helps generate nearly 70% of India's electricity
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India’s power generation from coal is poised to shrink in 2019 for the first time in at least 14 years. The decline mirrors a global trend as nations embrace cleaner forms of energy in a bid to cut emissions and reduce air pollution.